Elia indicators contracts price 1.45 billion euros for its power island within the North Sea

2024-06-19 18:16:40

19 June 2024

20:02

Elia has signed contracts for the availability of cables and electrical gear for the alternating present a part of the infrastructure of Princess Elisabeth Island. Deme, Jan De Nul and Smulders are among the many suppliers.

That is one other a part of the power puzzle that Elia is placing within the North Sea. This Wednesday, the pinnacle of the Belgian electrical energy transmission community introduced that it had signed the contracts associated to the AC (alternating present) infrastructure of the Princess Elisabeth power island with a number of consortia of suppliers {of electrical} gear.

Ensemble, the contracts characterize a value of 1.45 billion euros. Three contracts had been awarded (two for the availability of 330 kilometers of cables and one for the substations and electrical gear on the island) to consortia consisting, so as, of Deme and Hellenic Cables (Greece), of Jan De Nul and LS Cable & System (South -Korea), then from Iemants (Smulders), HSM Offshore Power and IV Offshore and Power (each Dutch).

“The prices related to these contracts have already been budgeted inside the present tariff interval”

Jean Fassiaux

Elia spokesperson

No influence on the invoice, in line with Elia

This quantity is so as to add to the 600 million euros already promised to Jan De Nul and Demeappointed for the development and set up of the island construction within the North Sea. A challenge that has already began within the port of Vlissingen (Netherlands), the place the 23 big concrete containers on which {the electrical} gear will probably be positioned are manufactured.

– The prices related to these contracts have already been budgeted inside the present tariff interval. There’ll subsequently be no additional influence on the invoice.“, specifies Jean Fassiaux, spokesperson for Elia.

Full display show

Work has already began within the port of Vlissingen (Netherlands), the place the 23 big concrete containers on which {the electrical} gear will probably be positioned are being produced.
©BELGIUM

100

million €

Elia finds herself trapped within the calendar. The construction on the island have to be accomplished by 2026, in any other case a European grant of 100 million euros will probably be misplaced.

Tight deadlines, over funds

With these new contracts alone, the island’s unique funds of two billion euros has been exceeded. Which isn’t a shock, on condition that this was outlined earlier than the covid and Russian gasoline disaster. “The marketplace for high-voltage gear is underneath strain. That is the results of a really robust demand for such gear and the rise within the worth of sure supplies,” provides Jean Fassiaux.

And this strain is inevitably felt in provider costs. And right here Elijah finds himself prisoner of the calendar because the island have to be totally operational from 2028, the date deliberate for the connection of the brand new offshore wind generators Earlier than that, keep in mind that the construction have to be accomplished by 2026, in any other case a European grant of 100 million euros will go.

Earlier than the tip of the 12 months, the operator of the high-voltage grid should have signed DC (direct present) infrastructure and cable buy contracts needed to attach Princess Elisabeth Island to the mainland. Solely then will the full funds be recognized.

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